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Private Lender for DSCR Loans and Fix & Flip Loans | OfferMarket

Private Lender for DSCR Loans and Fix & Flip Loans

The Contract Of Sale is the agreement between the Seller and Buyer wherein the terms of the sale of real property are established. Also commonly referred to as a [Purchase And Sale Agreement](https://www.offermarket.us/real-estate-glossary/purchase-and-sale-agreement).

The Contract Of Sale is the agreement between the Seller and Buyer wherein real property is being sold. Also commonly referred to as a Purchase And Sale Agreement.

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Contract Of Sale - Real Estate Glossary - OfferMarket

What is a Contract Of Sale (COS) in real estate?

A mortgage loan originator or MLO is a licensed person or company who facilitates the mortgage process from application through closing. MLOs are licensed by state and national authorities, and are given an [NMLS](https://offermarket.us/real-estate-glossary/nmls) number. Mortgage brokers and loan officers are considered MLOs.

A mortgage loan originator or MLO is a licensed person or company who facilitates the mortgage process from application through closing.

Mortgage Loan Originator ("MLO") - Real Estate Glossary - OfferMarket

What is Mortgage Loan Originator ("MLO") in real estate?

The Nationwide Multi-State Licensing System or NMLS is the system of licensure for mortgage companies and [mortgage loan originators](https://offermarket.us/real-estate-glossary/mortgage-loan-originator) (MLO) in the United States. The acronym NMLS is commonly interpreted as the Nationwide Mortgage Licensing System.

The Nationwide Multistate Licensing System or NMLS is the system of licensure for mortgage companies and mortgage loan originators (MLO) in the United States.

Nationwide Multistate Licensing System (NMLS) - OfferMarket

What is NMLS in real estate?

Has completed at least 300 hours of appraisal education and accumulated 3,000 hours of experience (at least 1,500 in non-residential appraisal work). Bachelor's degree or higher from an accredited university is required.

 

## Related terms
- [Certified Residential Appraiser](https://www.offermarket.us/real-estate-glossary/certified-residential-appraiser)
- [Licensed Residential Appraiser](https://www.offermarket.us/real-estate-glossary/licensed-residential-appraiser)
- [Trainee Appraiser](https://www.offermarket.us/real-estate-glossary/trainee-appraiser)

A Certified General Appraiser has completed at least 300 hours of appraisal education and accumulated 3,000 hours of experience (at least 1,500 in non-residential appraisal work). Bachelor's degree or higher from an accredited university is required.